2.a) Using the following parameters calculate equilibrium Y in a private closed, private open and mixed open economy using the mathematical and tabular methods. Consumption-2600+0.7Y Tax=200+0.1Y Government Spending-4800 Investment-5000 Exports <-800 Imports-600+0.05Y ) Illustrate and explain how the AE curve changes as we move from a private closed to private open to mixed open economy and also, also what happens to the multiplier

2.a) Using the following parameters calculate equilibrium Y in a private closed, private open and mixed open economy using the mathematical and tabular methods. Consumption-2600+0.7Y Tax=200+0.1Y Government Spending-4800 Investment-5000 Exports <-800 Imports-600+0.05Y ) Illustrate and explain how the AE curve changes as we move from a private closed to private open to mixed open economy and also, also what happens to the multiplier

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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